OTHER NEWS - Oct. 27, 1994
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Canadian Firm to Acquire Diedrich Coffee: Canada’s largest chain of gourmet coffeehouses agreed to buy Orange County-based Diedrich Coffee. Second Cup Ltd., a Toronto-area franchiser of 200 Canadian coffeehouses, said it will pay about $5.5 million in cash and stock to merge Diedrich with its first U.S. acquisition: the five-store Coffee Plantation chain that serves the Phoenix area. The deal with Diedrich, expected to be closed next month, keeps Second Cup firmly in place as North America’s second-largest gourmet coffee chain, after Seattle-based Starbucks Coffee Inc.
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